Adam,
I never turn negative on stocks just because I lose money on them.
After all, LOGC tripled part of my money in June - July ( or shall
I say Dan Dorfman?). I feel guilty for other people losing money
on my advice. LOGC is well diversified - I do not dispute that. But
the maagement is a little funny - in August the CEO said the stock
should be about 10. Guess what - it dropped pretty soon! Second,
they always paint the problems they have with the darkest colors on
hand - I mean look at expressions like "severe shortages," "extremely
constraint," "demand abruptly fell," and so on... This is not how you
write a statement. They do not emphasize on the fact that their EPS
has doubled for 4 years in a row, right? They do not emphasize the
fact that wafer supply is not a problem anymore, and that they are
going to ramp up production in the second quarter, right? Finally, it
takes them 4 months to do an audit for such a small company. This has
made people edgy, and here we stand now! I use contrarian tactics
all the time, but until LOGC does not straigthen up things in their
public relations and the stock does not break out on a major good news
I think I will stay on the sidelines! I do wish you well!!!
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